Global Precision Harvesting Market was Valued at USD XX Bn in 2019 and is expected to reach at USD 23.86 Bn by 2026 at a CAGR of XX% during forecast period 2019 to 2026.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Precision Harvesting Market Drivers and Restrains:
Growing demand for mechanized harvesting because of the shortage of labor and high use of harvesting robots in greenhouse and horticulture are two factors driving the market growth. Also, government promotion and support for adoption and applications for modern agriculture techniques this factor is expected to act as a driver for the market growth. However, the high initial cost for purchasing and integration of machines is expected to restrain the market growth.
The report analyzes factors affecting market from both demand and supply side and further estimates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
Global Precision Harvesting Market Segmentation Analysis:
The hardware segment is dominating the market and valued around US$ XX Bn in 2018 owing to the high use of automation and control devices, such as GPS, guidance and steering systems, yield monitors, and sensors.
The crop segment is dominating the precision harvesting market and valued around US$ XX Bn in 2018. It is because of the high level of mechanization in open field farming which includes crops like corn, soybean, sugarcane, cotton, maize, rice, and wheat. Rising adoption of autonomous harvesting equipment owing to the shortage of skilled labor is the major reason for the high growth of this segment.
Global Precision Harvesting Market Regional Analysis:
Region-wise, North America held the largest share of the precision harvesting market in 2018. The US and Canada are initial adopters of precision harvesting technologies, North America is leading the market as farmers are highly implementing advanced harvesting systems and equipment such as steering and guidance systems, sensors, display devices, and harvesting management software. Asia- Pacific is the fastest-growing region owing to technological improvements and high labor-intensive area.
A report covers the recent development in the market for precision harvesting like in July 2018, Clean Seed Capital announced that they had established to acquire HARVEST INTERNATIONAL, INC. With this acquisition, both the companies will be able to increase their technological offerings and offer consumers and farmers with modern technology.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global precision harvesting market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence.
To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global precision harvesting market.
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Scope of the Global Precision Harvesting Market: Inquire before buying
Global Precision Harvesting Market, by Product:
• Combine Harvesters
• Harvesting Robots
• Self-Propelled Forage Harvesters
Global Precision Harvesting Market, by Offering:
• Hardware
• Software
• Services
Global Precision Harvesting Market, by Application:
• Crop
• Horticulture
• Greenhouse
Global Precision Harvesting Market, by Region:
• Asia Pacific
• North America
• Europe
• South America
• Middle East Africa
Global Precision Harvesting Market, Major Players:
• Deere & Company
• Trimble
• AGCO Corporation
• AgJunction
• Raven Industries
• AG Leader
• Precision Planting
• FFRobotics
• Abundant Robotics
• Harvest Automation
• Harvest Croo Robotics
• Vision Robotics Corporation
• Teejet Technologies
• Pellenc s.a.s
• Dickey-john
• CLAAS KGaa mbH
• KUBOTA Corporation
• ISEKI & CO., LTD.
• Topcon
• CNH Industrial N.V.
• Ploeger Oxbo Group, N.V.
• Dewulf S.A.
• Clean Seed Capital
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